3319 N Cobb Pky
Acworth, GA 30101
Arby's · Retail Property For Sale

The subject property is a Corporately Guaranteed NNN Arby's Ground Lease (currently being remodeled) located in Acworth, GA, a high growth-high income area approximately 35 miles northwest of Atlanta and just minutes off Interstate 75 in Cobb County. Known as The Lake City, Acworth is nestled along the banks of Lake Acworth and Lake Allatoona, where every year millions of people take advantage of the 12,000 +/- acre lake with 270 miles of shoreline. The city of Acworth continues to remain one of the highest growth markets in Atlanta and the population is expected to increase another 10% over the next 5 years in the 1, 3, & 5-mile radius (currently over 128,000 residents in the 5-mile radius). In addition, the Acworth market is one of the more affluent markets in the Atlanta MSA, with the 1, 3, & 5-mile radius all having average household incomes over $101,000. The Arby's is well positioned in a very dense retail corridor directly on Cobb Parkway NW (AADT of 34,100). The Arby's sits between a Wendy's and Autobell car wash with two access points off Cobb Parkway (one of which is signalized). Immediate area traffic generators include: Walmart Supercenter, Lowe's Home Depot, Target, Ross, Kohl's, Kroger, Best Buy, PetSmart, Michaels, and Petco. It is also just a few short miles from Lake Allatoona. With few natural barriers to limit development, tremendous population-growth over the past decade expanded the Atlanta MSA's borders and the region now has a population of roughly 5.8 million people. Over the next five years the region is expected to add over 500,000 more residents. Atlanta currently ranks fifth in the nation in the number of Fortune 500 headquarters with 15 companies, including UPS, Home Depot, Delta Airlines, Coca-Cola, Aflac, and recently added Mercedes Benz. Atlanta continues to make strong gains in employment and ranks among the highest in the nation for job growth with adding nearly 400,000 jobs the last four years. A pro-business environment and affordability has helped Atlanta rise to second in the nation in job creation last year. Because of this growth, retail sales have grown nearly 5 percent over the previous 12-month period, exceeding the national pace of growth, and vacancy is expected to drop 50 basis points while rents expected to increase over 5.0%. Arby's Restaurant Group, Inc., signed a 20-year NNN Ground Lease with 10% increases every five years in June 2008, with four (4), five (5) year options to extend. Inspire Brands (affiliate of Roark Capital) is headquartered in Atlanta and acquired Arby's in 2011. Arby's currently operates more than 3,300 restaurants worldwide and has seen same-store sales growth for over 26 quarters, as of May 2017. They are also on track to achieve $4 billion in system sales by the end of 2018.